By setting up special trade mechanism called, Europe tried to respond to the US withdrawal INSTEX that would allow legitimate trade with Iran to continue without falling foul of US sanctions, and it has yet to become operational.. ..…
On January 31, France, Germany and Britain, European parties to JCPOA, announced the creation of INSTEX, special purpose vehicle aimed at facilitating legitimate trade between European economic operators and Iran.. ..…
We and other European states are making efforts to prepare the ground for trade and European companies will be Iran through INSTEX, in joint press conference with his Iranian Mohammad Javad Zarif Tehran on Monday.. ..…
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